CALGARY, April 28, 2014 /CNW/ - BrightPath Early Learning
Inc. ("BrightPath" or the "Company" (TSX-V: BPE), the leading
Canadian provider of quality early childhood education and care
announced today its plans to open a new child care centre in
Cochrane, Alberta, a rapidly
growing suburban community located west of Calgary.
The Company has entered into a premises lease for space to
accommodate approximately 120 licensed child care spaces to meet
the demand for child care in this market. The Company's centre in
Cochrane will be conveniently
located adjacent to Highway 1A, the arterial road that intersects
with Crowchild and Stoney Trail,
reinforcing Cochrane as an
increasingly desirable place to live based on its proximity to the
latest generation of transportation links. The primary trade area,
which consists of more than 20,000 residents, has experienced over
700 residential construction starts since 2013 and is projected to
benefit from continued rapid population growth. Current information
on the supply of child child care spaces indicates fewer than 470
licensed spaces. Completion and opening of the BrightPath
centre is subject to permits, approvals and conditions precedent.
Opening is expected in the fourth quarter of 2014.
"In addition to our BrightPath Surrey centre to open later this
year, the Cochrane location
represents another new modern facility to serve Western Canadian
families," said Mary Ann Curran,
Chief Executive Officer of BrightPath. "Current market
conditions in Western Canada
support further investment, and we anticipate additional
announcements in this regard shortly."
For more information on BrightPath, visit
www.BrightPathKids.com. (TSX‐V: BPE). For further
information regarding this release, please contact Dale Kearns, President of BrightPath Early
Learning Inc. at (403) 705-0362 ext.406.
About BrightPath Early Learning Inc.
BrightPath Early
Learning Inc. is a Canadian leader in child care and early
education with 51 locations in major markets across the
country. Meeting the highest standard in curriculum,
nutrition, technology and recreational programming, BrightPath is
committed to providing families with the very best care and child
development programs Canada has to
offer.
For more information, please visit
www.BrightPathKids.com/corporate or contact Dale Kearns, President of BrightPath Early
Learning Inc. at (403) 705-0362 Ext. 406.
Forward-Looking Statement
Certain statements in this Release, which are not historical
facts, may constitute forward-looking statements or forward-looking
information within the meaning of applicable securities laws
("forward-looking statements"). Any statements related to
BrightPath's projected revenues, earnings, growth rates, revenue
mix, staffing and resources, and product plans are forward-looking
statements as are any statements relating to future events,
conditions or circumstances. The use of terms such as "believes",
"anticipates", "expects", "projects", "targeting", "estimate",
"intend" and similar terms are intended to assist in identification
of these forward-looking statements. Readers are cautioned not to
place undue reliance upon any such forward-looking statements. Such
forward-looking statements are not promises or guarantees of future
performance and involve both known and unknown risks and
uncertainties that may cause the actual results, performance,
achievements and/or developments of BrightPath to differ materially
from the results, performance, achievements and/or developments
expressed or implied by such forward-looking statements.
Forward-looking statements are based on management's current plans,
estimates, projections, beliefs and opinions. Except as required by
law, BrightPath does not undertake any obligation to update
forward-looking statements should assumptions related to these
plans, estimates, projections, beliefs and opinions change.
The Company undertakes no obligation, except as required by law,
to update publicly or otherwise any forward-looking information,
whether as a result of new information, future events or otherwise,
or the above list of factors affecting this information. Many
factors could cause the actual results of BrightPath to differ
materially from the results, performance, achievements and/or
developments expressed or implied by such forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE BrightPath Early Learning Inc.